/ 01.25.2009 12:00AM
TV Stock Snapshot: Edging Back Up After Financials Effect
Television stocks are tracking the overall market, though at a bit wider margin. Between Jan. 16 close and this morning’s opening bell, TV station stocks fell roughly 10 percent on average. The Dow during the same period slipped just over 2 percent. Inauguration day, last Tuesday, was a particularly rough day on the big boards, with fears over the flailing financial sector sparking a sell-off. Much of the decline was led by America Depository Shares of U.K. banks, as the government there propped them up for the second time.
Indexes are now inching back up from this latest bail-out shock, though GE’s poor 4Q showing, announced late last week, slowed the rally.
| NAME |
Symbol |
1/26 Open |
1/16 close |
% Ch |
MktCap(mil) |
| ACME Communications |
ACME |
$0.30 |
$0.30 |
|
0% |
$4.81 |
| Belo Corp. |
BLC |
$1.80 |
$1.81 |
|
0% |
$188.06 |
| CBS Corp. |
CBS.A |
$6.29 |
$7.28 |
|
-14% |
$4,349.36 |
| CBS Corp. |
CBS |
$6.25 |
$7.20 |
|
-13% |
$4,403.69 |
| Entravision Communication |
EVC |
$0.77 |
$1.22 |
|
-37% |
$72.08 |
| Equity Media Holdings Corp. |
EMDAQ |
$0.01 |
$0.01 |
|
0% |
$0.32 |
| Fisher Communications |
FSCI |
$17.98 |
$19.21 |
|
-6% |
$161.97 |
| Gannett Co., Inc. |
GCI |
$6.73 |
$7.59 |
|
-11% |
$1,610.50 |
| General Electric Co. |
GE |
$12.48 |
$13.96 |
|
-11% |
$130,883.29 |
| Gray Television, Inc. |
GTN.A |
$1.22 |
$1.22 |
|
0% |
$19.96 |
| Gray Television, Inc. |
GTN |
$0.46 |
$0.46 |
|
0% |
$18.45 |
| Grupo Televisa, S.A. (ADR) |
TV |
$14.88 |
$14.85 |
|
0% |
$8,452.10 |
| Hearst-Argyle Television |
HTV |
$4.22 |
$4.75 |
|
-11% |
$393.66 |
| ION Media Networks Inc. |
IION |
$3.00 |
$3.00 |
|
0% |
$205.60 |
| Journal Communications |
JRN |
$1.96 |
$2.11 |
|
-7% |
$114.12 |
| LIN TV Corp. |
TVL |
$1.04 |
$1.41 |
|
-26% |
$50.85 |
| Media General, Inc. |
MEG |
$2.53 |
$2.88 |
|
-12% |
$63.77 |
| Meredith Corp. |
MDP |
$17.41 |
$18.82 |
|
-7% |
$779.17 |
| News Corp. |
NWSA |
$6.75 |
$8.02 |
|
-16% |
$18,660.79 |
| Nexstar Broadcasting Group |
NXST |
$0.75 |
$0.77 |
|
-3% |
$20.18 |
| Saga Communications |
SGA |
$1.12 |
$1.49 |
|
-25% |
$17.70 |
| Shaw Communications |
SJR |
$16.81 |
$17.27 |
|
-3% |
$7,138.52 |
| Sinclair Broadcast Group |
SBGI |
$2.10 |
$2.73 |
|
-23% |
$182.51 |
| The E.W. Scripps Co. |
SSP |
$1.73 |
$2.01 |
|
-14% |
$103.33 |
| The McGraw-Hill |
MHP |
$20.40 |
$21.44 |
|
-5% |
$6,418.94 |
| The Walt Disney Co. |
DIS |
$21.08 |
$21.46 |
|
-2% |
$39,504.90 |
| The Washington Post Co. |
WPO |
$405.25 |
$408.24 |
|
-1% |
$3,919.54 |
| Young Broadcasting |
YBTVA |
$0.05 |
$0.05 |
|
0% |
$1.07 | |